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1867 S Cochran Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1867 S Cochran Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$850,000
1867 S Cochran Avenue, Los Angeles, California 90019
0Bed
0Bath
1,707Sqft
5,904Lot
Year Built
1949
Close
-
List price
$850K
Original List price
$975K
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
PW25084740
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(8th), sqft - 1707(15th), beds - undefined(50th), baths - undefined(50th).

1867 South Cochran Avenue in Los Angeles, California is a true value-add offering: current rents offer a new investor the opportunity to reposition the property and capture over 200 percent rental upside, or a new investor may want to explore development potential. 1867 South Cochran Avenue features two 1949 construction single-family homes, one large one-bed/one-bath and one two-bed/one-bath, on a 5,904-square foot lot. The property also offers a two-car garage with tandem driveway parking and a fenced backyard. The lot is zoned LARD1.5, which offers multiple potential development scenarios: (1) three units, (2) a triplex and three additional detached ADU’s for a total of six units, or (3) a duplex with two detached ADU’s (buyer to verify). The property is located in LA’s Mid-City area proximate to Mid-Wilshire, the Miracle Mile, Culver City, and the 10 Freeway. This area is a popular rental market with an average household income over $90,000.

Price History

Date
Event
Price
09/10/25
Price Change
$850,000
04/18/25
Listing
$975,000
Condition Rating
Poor
Built in 1949, this property is explicitly described as an 'Older Construction & Condition' requiring 'substantial capital expenditure for modernization, deferred maintenance, and upgrades.' While no interior images are available, the exterior appears dated, and the description strongly indicates that the kitchens, bathrooms, and all major systems are significantly outdated and in need of extensive renovation to achieve market potential. The property is presented as a 'value-add offering' for repositioning, confirming its current poor state and need for substantial rehabilitation.
Pros & Cons

Pros

Significant Rental Upside: Offers substantial potential for a new investor to reposition the property and achieve over 200% rental income growth, indicating strong future cash flow opportunities.
Favorable Zoning for Development: Zoned LARD1.5, allowing for multiple development scenarios including up to six units (triplex + 3 ADUs) or a duplex with 2 ADUs, significantly enhancing future value and density.
Prime Mid-City Location: Situated in a popular Mid-City area of Los Angeles, offering excellent proximity to key employment hubs, amenities, and major freeways, appealing to a strong rental market.
Income-Generating Duplex: Features two distinct single-family homes (1-bed/1-bath and 2-bed/1-bath) providing immediate income streams and flexibility for various tenant types.
Valuable Parking & Outdoor Space: Includes a two-car garage, tandem driveway parking, and a fenced backyard, which are highly desirable amenities in the competitive Los Angeles rental market.

Cons

Under-Market Rents: Current rental income is significantly below market potential, requiring strategic repositioning and investment to realize the advertised rental upside, which may impact immediate cash flow.
Older Construction & Condition: Built in 1949, the property likely requires substantial capital expenditure for modernization, deferred maintenance, and upgrades to maximize its value and appeal to higher-paying tenants.
Recent Price Reduction: The property has undergone a significant price reduction from its original listing, potentially indicating challenges in market valuation or buyer interest at the initial price point.

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